Kelsey Stoneton Memorial Fund
- Assets
- $29.9k
- Revenue
- $19.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winthrop, ME
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 47-2655348
Organization Overview
Kelsey Stoneton Memorial Fund is located in Winthrop, ME. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kelsey Stoneton Memorial Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Kelsey Stoneton Memorial Fund generated $19.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (41.3%) each year. All expenses for the organization totaled $2.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL SCHOLARSHIP SUPPORT FOR WINTHROP HIGH SCHOOL GRADUATES WHO EXEMPLIFY THE CORE VALUES OF THE COMMUNITY AND TO PROVIDE FUNDING FOR COMMUNITY PROJECTS THAT PROMOTE EDUCATION, HEALTH, AND CITIZENSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Stoneton Incorporator | 0.5 | $0 | |
Kimberly Stoneton Incorporator | 0.5 | $0 | |
James CR Stoneton Treasurer | 0.25 | $0 | |
James CR Stoneton III Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $450 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $2,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,942 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,942 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Kelsey Stoneton Memorial Fund has awarded $2,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PEARL BECHARD PURPOSE: SCHOLARSHIP | $2,000 |
MICHELLE GAGHAN PURPOSE: SCHOLARSHIP | $250 |